In the latest dispatches, however, we're back to commercial real estate being doomed again--at least according to this segment on CNBC.
The lesson, again, is that commercial real estate is a complex business with lots of moving parts. We're going to have crisis alongside recovery. There's no simple narrative to be had here. We're not going to see a clear commercial real estate recovery nor are we going to come upon a moment where all is collapsing. So let's stop looking for the one-line takeaways about commercial real estate.